Real estate blog entries tagged with home purchasing by Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate

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home purchasing: The NEW ABC's of FSBO Financing in Grand Rapids Michigan - 04/12/08 06:26 PM

Trying to sell a home in Grand Rapids, Michigan has not been easy for the past few years due to the crisis in the manufacturing sector, the mortgage industry implosion and the glut of homes which deluged the market within the past 24 months.
Selling a home without help as an Unrepresented Seller presents … (13 comments)

home purchasing: The Bubble & Trouble...The Palaver Tree Rumble! - 04/03/08 07:44 PM

There's a lot of "noise" about real estate right now. The plight of the market has become a staple of the nightly news and media commentary throughout the nation. Congress has weighed in with different "solutions" to the crisis and it's an important part of public policy discussions. Even the President … (33 comments)

home purchasing: What's It Gonna Cost to BUY A Home in Grand Rapids, Michigan? (Part 2) - 03/31/08 08:10 PM

The response to this Question from Homeowners has prompted me to do a similar article to address an issue which is also on the minds of many homebuyers. Although, the notion that you can buy a home for NO MONEY down has come under intense pressure in recent months, buyers have always … (6 comments)

home purchasing: What's It Gonna Cost to BUY A Home in Grand Rapids, Michigan? (Part 1) - 03/31/08 06:58 PM

The response to this Question from Homeowners has prompted me to address the same issue which is also on the minds of many homebuyers.
Although, the notion that you can buy a home for NO MONEY down has come under intense pressure in recent months, buyers have always wondered about what the … (4 comments)

home purchasing: Discovering The Next New Cool Dwelling Places...The Suburbs Vs. Urban Digs - 02/28/08 12:08 PM

Are we on the verge of a transition in thinking about what qualifies as a good home location? For decades, the dream of American homeownership has often envisioned a home with a white picket fence out in the suburbs.
The article "The Tipping Point...When Poverty Moves to the Suburbs." explored the increasing trend in foreclosures and short … (15 comments)

home purchasing: Innovative Neighborhood Programs Create Opportunities for Grand Rapids, Michigan Home Buyers! - 02/12/08 06:53 PM

Recently, I sat down for lunch with an engaging, young mortgage professional, Hillary Kooy, to talk about her involvement with the Garfield Park Development Corporation. The Garfield Park Neighborhood in Grand Rapids, Michigan is roughly bounded by Cottage Grove Street to the north, 28th Street to the south, Division and Century Streets to … (10 comments)

home purchasing: How To Avoid Being Trapped By Your Trade-Up Model! - 01/29/08 12:35 AM

With interest rates dropping to their lowest levels since 2004, the home equity loan re-finance bug is itching a lot of folks again. As we approach the Spring Market which traditionally swings into full gear around March, home buyers will be able to take advantage of low interest rates and a large … (18 comments)

home purchasing: When Rates Go Down...Smart Buyers in Grand Rapids, MI Start Moving! - 01/09/08 06:23 PM

Rates are going down. Yippee Yeah! This is Great News For home buyers in Grand Rapids, Michigan. According to a January 9, 2007 article by Inman News, the Mortgage Bankers Association, a trade group for lenders indicates that this past week the Jump in applications for loans was a whopping 32%! This is the highest one week … (22 comments)

home purchasing: FSBO Survival Guide...Buying & Selling Real Estate Without Help (Part 2) - 12/11/07 11:53 PM

We did not truly understand the implications of our decision to purchase this way until we decided to sell the home. After the transaction was closed, we contacted the agent to tell him we had moved. What transpired next was one unsettling conversation. He asked us how much we had bought the home for and … (19 comments)

home purchasing: FSBO Survival Guide...Buying & Selling Real Estate Without Help (Part 1) - 12/11/07 11:51 PM

Many years ago, we bought our first home. Our first real estate transaction was with a FSBO aka Non Represented Seller. At that time, I had no idea that I would be a future real estate agent. In fact, we had looked for homes with a broker prior to deciding to go down this route. After … (7 comments)

home purchasing: Michigan Buyers...When the Government Gives Free Money to Buy a House...Go Get IT! - 11/29/07 07:04 PM

It's almost the end of year...the time when most funding programs tend to run low on funds for buyers without down-payments. In a surprising and refreshing reversal this November, the Federal Housing Authority Administrations (FHA) Philadelphia Homeownership Center has approved several Sales Incentives for use in the purchase of HUD homes … (24 comments)

home purchasing: How To Avoid Paying Too Much for Your Next Home! - 10/23/07 08:25 PM

Buying a home is one of the most exciting moments in life. It can also be one of the scariest. The question in every buyer's mind is: "How Do I make Sure that I'm not paying too much for this house?" In today's market, this is a valid concern.
I was … (11 comments)

home purchasing: How to Avoid Buying a Real Estate Lemon. - 10/23/07 06:09 PM

The interesting thing about lemons is that they're pretty to look at. They also smell really good. That's one reason why they're used as the enticing scent in a lot of cleaners. The smell of lemons makes you think clean.
Well, if you're purchasing a brand new appliance, a new car … (40 comments)

home purchasing: The Secret to Buying the Perfect Home! - 10/17/07 10:43 PM

It seems that the recent rash of lousy real estate market reports in the media has not dimmed the ardor of home buyers eager to get the deal of the century. According to statistics provided by The Grand Rapids Association of Realtors within the past 30 days over 20,159,584 property searches were processed...that's … (12 comments)

home purchasing: Why "Just Looking" Can Cost You Your "Dream Home"! - 03/21/07 10:14 PM

I seriously dislike being hounded by sales people when I'm shopping...especially clothes shopping. It's my time to zone out, relax and beam my precision guided "great deals" antenna to lead me to the best bargains. I'm pretty good at it. So much so that friends & family have sometimes consulted with … (0 comments)

home purchasing: So, You Want A Great Deal on A Foreclosure...10 Power Tips for Success! - 03/13/07 10:00 PM

Our local market in Grand Rapids, Michigan has witnessed an unprecedented increase in homes going into foreclosure. This is not unlike many areas of the country.
If you're considering a purchase of a home that is in pre-foreclosure or in the redemption period during of a foreclosure it is important that … (10 comments)

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